Last year we managed a 'W' bottom by first observing a cross up by weekly MACD and then confirming it with weekly TRIX, which moves slower. The TRIX triggered (black…
HUI has dutifully stopped at our projected 280+ resistance area. This was no great call because it always was going to at least hiccup there. Now, we see where it…
There was a large spike in commercial short interest and some corresponding speculative long interest in silver as of Tuesday. We can bet that this condition has intensified since then,…
Here is the weekly chart we have been using for the last few weeks. As you can see Huey is approaching the 'neckline' resistance to our projected bottoming pattern. As…
A quick update today. I am not trying to scare anyone - least of all investors. But traders should be aware of the following sentiment structure for the 'Gold Bugs'…
The HUI-Gold ratio is above the 50 day averages. It would be nice to see the 50's hold as support on any pullback that may crop up. But we should…
GDX MACD is crossed down but importantly, TRIX is above zero and not triggered. Yesterday's volume was good. We can either be freaked out by the similarity of the candle…
These should be self-explanatory. Just trying to illustrate some supports and still unbroken bottoming stances on some items in the precious metals sector that I consider of relative quality.
Gold fund GLD is losing the equivalent of the 1300 support level we noted as important. SLV is losing an equivalent support level, although above the recent low of last…
Broad Market The economy is growing and the inflation may finally be taking root. Those are two messages that I think are coming out of this week. If the economy…
Insert here the old saying about a picture and 1000 words... HUI tried to get up and out of the consolidation flag yesterday but oh yes, it is FOMC week…
Note: After feedback from one subscriber I want to remind all subscribers that if your orientation is to establish long term positions based on fundamental value or macro outlook and…
Earlier we noted that HUI was still in an AROON downtrend, which is how it closed. But today did the trick in bringing more than a handful of what can…
Well, we are certainly getting the follow on momentum we wanted to see. More and more weekly MACD's are triggering up, following our leader examples, AG and PVG. In fact…